Commissioner favourite for SEC chairmanship

Harvey Goldschmid, one of the five commissioners at the US Securities and Exchange Commission, has emerged as a frontrunner to succeed William Donaldson, chairman of the regulator, if John Kerry wins the US presidential race next month.

Goldschmid, a Democrat, has been a leading campaigner for reform in areas including regulation of mutual funds and hedge funds, backing proposals to tighten controls on both in the wake of a spate of scandals.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump